Main to remember
- Gate joined Global Dollar Network as a first -level partner, integrating the Stablecoin USDG support for its 34 million users.
- The USDG is a fully sustained stablecoin published by Paxos, guaranteeing regulatory compliance and confidence for users on several blockchains.
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Gate, a world’s first world exchange of crypto, announced its official participation in Global Dollar Network (GDN), an open network designed to accelerate the adoption of the stable reserve in the world. Gate has integrated the management of the USDG, the stablecoin at point of the US dollar, which makes it accessible to its 34 million users. Gate entry into Global Dollar Network Alliance represents more than the adoption of a single stablecoin; It signals a broader strategic commitment to explore new borders in Payfi.
The USDG is now available for the global user basis for Gate on Ethereum, Solana and Ink Blockchains. Completely supported 1: 1 with American dollars or equivalent liquid assets, the USDG is published by Paxos Digital Singapore, which is a major payment institution supervised by the monetary authority of Singapore. It is also issued by Paxos from Europe under the supervision of the end of FSA and in accordance with mica. Gate remains determined to offer solid regulatory compliance and financial transparency. By integrating USDG, Gate advances his mission to promote financial inclusiveness by writing a centralized and decentralized infrastructure. This decision also supports Gate’s wider strategy to allow seamless cross -border payments, creating the infrastructure of a resilient world paid economy.
“This partnership reflects Gate’s continuous commitment to innovation in accordance with the regulation and infrastructure of digital assets,” said Dr. Han, founder and CEO of Gate. “The USDG will play a central role in the food of new generation world payments, exchanges and access to Payfi. We are delighted to deepen our USDG integration through the door ecosystem in the coming months. ”
Nick Robnett, Crypto commercial development manager in Paxos, on behalf of Global Dollar Network, said:
“We are proud to welcome Gate to the Global Dollar Network. Their participation strengthens our collective mission to accelerate the adoption of secure and reliable stablescoins, which allows users around the world to have access to a transparent financial ecosystem and always on. ”
Global Dollar Network is one of the fastest growth Stablecoin networks around the world, built on a sustainable economic model. It rewards partners according to their contributions through a single framework that distributes network revenues to members. Unlike traditional ecunines, the global dollar network promotes collaboration and encourages generalized adoption.
The stablecoins evolve quickly, and it is crucial for ecosystems to keep up with the pace of the growing demand for innovative options. The high stability of the USDG makes it one of the most reliable stables in the world. Gate is proud to stand alongside industry leaders at this pivotal moment, supporting the accelerated adoption of stablecoins in the world.
About the door
Gate, founded in 2013 by Dr. Han, is one of the first cryptocurrency exchanges in the world. The platform serves more than 34 million users with more than 3,600 digital assets and was launched by the first proof of reserve at 100% in industry. Beyond the basic trading services, the Gate ecosystem includes a Gate portfolio, door companies and other innovative solutions.
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On the global dollar network
Global Dollar Network is the Stablecoin network for the fastest growth in the world with an unequaled economic increase. Propelled by Global Dollar (USDG), a stablecoin to support the US dollar issued by Paxos Digital Singapore and Paxos Usuance Europe, Global Dollar Network offers a transparent and fair economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Digital Anchoring, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay and more.
Note: USDG is available on Solana, Ink and Ethereum.
Non-liability clause: The content here is no offer, solicitation or recommendation. You must always ask for independent professional advice before making investment decisions. The products and / or services mentioned here (if applicable) are only available for people outside Singapore. Grid does not promote or does not provide products or services in Singapore or other restricted locations. Please note that Grid May restrict or prohibit the use of all or part of the services of restricted locations. For more information, please read the user agreement via https://www.gate.com/legal/user-agrement.
Earlier this month, the Global Dollar Network extended to the European Union with the launch of the stablecoin of the USDG by Paxos from Europe, supported by Robinhood, Kraken and others.
Last month, Crypto Exchange OKX joined the Global Dollar Network and joined the Stablecoin USDG issued by Paxos, allowing 60 million customers to access and convert USDG 1: 1 USD.
Last month, Robinhood, Kraken and other Fintech managers launched the global dollar network, using PAXOS Stablecoin USDG to solve market problems such as high transaction costs and to promote the adoption of ETINE.
In April, Visa became the first traditional financial player to join the Global Dollar Network, which includes major cryptography and fintech companies and uses the PAXOS USDG to advance stabbing of the real world.
Not more recently in November, Paxos collaborated with the DBS Bank of Singapore to launch the Stablecoin USDG, designed to join the next Singapore Stablecoin regulations.
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